Toro Company (The) (NYSE:TTC – Get Free Report) shares traded down 4.6% during mid-day trading on Thursday . The company traded as low as $93.83 and last traded at $94.5870. Approximately 210,731 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 818,020 shares. The stock had previously closed at $99.15.
Toro News Summary
Here are the key news stories impacting Toro this week:
- Positive Sentiment: Toro reported fiscal Q3 revenue of $1.23 billion, up 8.4% year over year and above the $1.19 billion consensus estimate. Adjusted earnings of $1.33 per share also exceeded analyst expectations and rose from $1.24 a year earlier. Toro Tops Q3 Earnings and Revenue Estimates
- Positive Sentiment: The company raised fiscal 2026 adjusted EPS guidance to $4.60-$4.65, from $4.50-$4.62, and increased its revenue-growth outlook to 6.3%-6.6%. The new earnings range is broadly in line with the $4.61 consensus estimate. Toro Reports Higher Earnings and Raises FY26 Outlook
- Positive Sentiment: Growth was broad-based, with Professional segment sales increasing 8.8% and Residential segment sales rising 8.6%. Gross margin improved to 34.1% from 33.7%, while Toro returned $110 million to shareholders during the quarter.
- Positive Sentiment: DA Davidson maintained a Buy rating and reduced its price target modestly to $115 from $117, still implying substantial upside from the referenced trading level.
- Neutral Sentiment: Although earnings and revenue beat estimates, reported GAAP diluted EPS was $0.81, reflecting the impact of items that distinguish it from the $1.33 adjusted EPS figure highlighted in market coverage. Toro Fiscal 2026 EPS Guidance
- Negative Sentiment: Insider activity was heavily weighted toward selling, including a substantial sale by Chairman and CEO Richard Olson. This may raise caution about management’s view of near-term valuation, despite the stronger operating results.
Analyst Ratings Changes
A number of research analysts have weighed in on TTC shares. Wall Street Zen cut shares of Toro from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Robert W. Baird dropped their price target on shares of Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. DA Davidson cut their price target on shares of Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a report on Friday. Finally, Weiss Ratings raised shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Toro presently has a consensus rating of “Hold” and an average price target of $101.67.
Toro Trading Up 1.2%
The firm has a market capitalization of $8.90 billion, a PE ratio of 24.99 and a beta of 0.70. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The company’s 50-day simple moving average is $96.21 and its 200 day simple moving average is $94.98.
Toro (NYSE:TTC – Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. Toro had a net margin of 7.64% and a return on equity of 31.86%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm earned $1.24 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, sell-side analysts expect that Toro Company will post 4.61 EPS for the current year.
Insiders Place Their Bets
In related news, Director Gary Ellis sold 4,951 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $91.91, for a total transaction of $455,046.41. Following the transaction, the director directly owned 35,297 shares in the company, valued at $3,244,147.27. The trade was a 12.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Edric C. Funk sold 856 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $97.97, for a total value of $83,862.32. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 12,934 shares of company stock valued at $1,204,933. 1.88% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Toro
Several hedge funds have recently modified their holdings of the stock. Pinnacle Bancorp Inc. acquired a new stake in Toro in the 1st quarter worth approximately $39,000. Danske Bank A S acquired a new position in Toro during the 3rd quarter valued at approximately $46,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Toro by 237.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company’s stock worth $75,000 after buying an additional 541 shares during the last quarter. Root Financial Partners LLC lifted its stake in shares of Toro by 277.8% during the first quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock worth $91,000 after buying an additional 714 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Toro during the third quarter worth $119,000. Institutional investors and hedge funds own 87.95% of the company’s stock.
About Toro
The Toro Company (NYSE: TTC) specializes in the design, manufacture and marketing of a broad range of outdoor environment equipment for residential, commercial and professional markets. Its product portfolio includes lawn mowers, utility vehicles, snow throwers, irrigation systems and landscape maintenance equipment. Toro’s offerings span walk-behind and ride-on mowers, zero-turn radius mowers, snow blowers, sprinklers, drip irrigation products, spreaders and specialty turf maintenance machines tailored to golf courses, sports fields and municipal parks.
Founded in 1914 and headquartered in Bloomington, Minnesota, Toro has built a century-long legacy of innovation in the grounds-care industry.
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